Indian automaker SML Isuzu Ltd said on Tuesday it will raise prices of its trucks and buses from April 1 to offset higher input costs due to inflation and new safety and emission norms.

Gold prices steadied on Tuesday, recouping earlier losses on a softer dollar, while investors favoured higher-risk assets as banking worries eased and pushed bullion further away from the $2000 mark it reached last week.

The conviction of Indian opposition leader Rahul Gandhi in a criminal defamation case last week has led to calls for change to a law that treats defamation as a crime and instead to make it a civil offence.

BENGALURU (Reuters) -Indian shares settled lower on Tuesday as caution over broader economic challenges and a sharp slide in Adani group stocks soured sentiment, while investors awaited some key economic data due later in the week.

The rising capital expenditure (capex) trend of Indian corporates is likely to continue and grow at 10%-12% a year during the next fiscal year to March 2024, Fitch Ratings said in a release on Tuesday.

India has selected 11 companies to manufacture 39,600 megawatts (MW) of domestic solar PV modules, including Indosolar, Reliance and First Solar, the government said in a statement on Tuesday.

India's pension fund body on Tuesday recommended marginally increasing the interest rate on deposits with it to 8.15% for the current financial year from 8.1% in the previous year, the labour ministry said in a statement on Tuesday.

Shares of Adani Group companies tumbled on Tuesday after a report said the conglomerate was seeking to renegotiate terms of outstanding loans worth $4 billion taken last year to buy cement firms ACC and Ambuja Cements.

The Indian rupee was trading higher versus the U.S. currency on Tuesday, boosted by the carry return of running short dollar positions on account of the upcoming change in the fiscal year.

MUMBAI (Reuters) -India's top sugar-producing state, Maharashtra, could churn out nearly 16% less sugar than the previously estimated as mills are closing early due to limited availability of sugar cane, a senior state government official told Reuters on Monday.